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5 bed terraced house
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Our Summary
- Located in a highly popular area for students and sharers, the property currently achieves a gross annual income of around £39,000, making it an attractive and established investment opportunity
- Equally, the property offers excellent potential to be reconfigured back into a traditional three-bedroom terraced family home if desired
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Description
The property is a five-bedroom HMO arranged over two floors, situated in the Mount Pleasant area of Exeter. The versatile accommodation has been significantly enhanced in recent years with improvements including a newly fitted kitchen/dining room, new carpets throughout, a replacement boiler, a new front door, a new kitchen door, and new rear patio doors. The ground floor features two reception rooms, which can also be used as bedrooms, a generous kitchen/dining room to the rear, and a utility space.
Upstairs, there are three bedrooms and a family bathroom. The property also benefits from a private enclosed rear garden and a useful outbuilding providing additional storage.